The cost of renting a two bedroom apartment in Middletown, NJ (07748) is slightly higher than the national average at $1,630 compared to $1,430. Additionally, the Grocery Cost Index in Middletown (107) is higher than the US average (100). There are a variety of local companies in Middletown that contribute to the city's economy. Examples include MIDJersey Chamber of Commerce, Snip-Its Haircuts for Kids and Dental Arts Associates. These companies provide vital services for residents as well as providing employment opportunities and keeping money within the community.
Middletown (zip 07748) has an unemployment rate of 6.4%. The US average is 6.0%.
Middletown (zip 07748) has seen the job market decrease by -6.6% over the last year. Future job growth over the next ten years is predicted to be 26.2%, which is lower than the US average of 33.5%.
Tax Rates for Middletown (zip 07748)
- The Sales Tax Rate for Middletown (zip 07748) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Middletown (zip 07748) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Middletown (zip 07748)
- The average income of a Middletown (zip 07748) resident is $57,748 a year. The US average is $37,638 a year.
- The Median household income of a Middletown (zip 07748) resident is $128,740 a year. The US average is $69,021 a year.